Does Bitcoin Halving Truly Affect Price Discovery, or Is It Just a Myth? đ§
Analysts debate whether #bitcoin 's halving remains a significant driver of price discovery. At the Swan Pacific Bitcoin festival, a panel discussed this, asking if halving price cycles are valid. While many see halving as a #bullish event, the panelists differed.
Marathon Digital CEO Fred Thiel and Swan CIO Ralph Zagury believe liquidity, not halving, drives Bitcoin's price. Swan product manager Andy Edstrom sees the halving as still holding significance.
However, all agreed its impact may diminish over time. Derivatives' role in price discovery was questioned, and it's challenging to draw conclusions due to Bitcoin's unique price behavior.
Despite differing views on halving, the panelists expressed optimism about Bitcoin's future, focusing on liquidity as a catalyst. They expect a significant move soon due to decreasing liquidity and potential factors like U.S. Treasuries, regional bank issues, and rising #debt .
